Reported 8 months ago
DuPont de Nemours Inc.'s water treatment business, which the US chemicals group plans to spin out, is attracting interest from potential industry buyers such as Xylem Inc. and Veralto Corp. The business, expected to be valued at about $6 billion or more, will be separated from DuPont's electronics unit through tax-free transactions resulting in the creation of three publicly traded companies. The decision to split aligns with a trend of industrial conglomerates like DuPont seeking to enhance returns by breaking into more focused businesses.
Source: YAHOO